4 days ago
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Trump Media and Technology Group (TMTG) has announced that it has applied for trademarks to motorboat customized exchange-traded funds (ETFs) and separately managed accounts (SMAs) nether its caller Truth.Fi brand.
According to the release, the caller Truth.Fi marque would absorption connected fiscal services and technology. As portion of this strategy, TMTG intends to walk up to $250 million, which volition beryllium held by Charles Schwab. Schwab volition besides cooperate with TMTG to make separately managed accounts (SMAs).
The institution besides introduced concern vehicles specified arsenic the Truth.Fi Made successful America ETF, Truth.Fi U.S. Energy Independence ETF, Truth.Fi Bitcoin Plus ETF, Truth.Fi Made successful America SMA, Truth.Fi U.S. Energy Independence SMA and Truth.Fi Bitcoin Plus SMA.
Additionally, TMTG has besides partnered with Yorkville Advisors, entering into work and licensing agreements. Pending approvals, Yorkville volition service arsenic the Registered Investment Advisor, helping plan the concern products and guiding them done the regulatory process.
According to TMTG CEO Devin Nunes, the institution seeks to supply investors with an alternate to the market’s “woke” funds and debanking difficulties by supporting American energy, industry, and enterprises.
He added, “We’re exploring a scope of ways to differentiate our products, including strategies related to bitcoin. We volition proceed to finetune our intended merchandise suite to make the optimal premix of offerings for investors who judge successful America First principles.”
Yorkville President Mark Angelo said the company’s relation arsenic a strategical fiscal spouse and expressed pridefulness successful supporting the Truth.Fi movement.
Also Read: Trump Media Files Trademark for Crypto Platform “TruthFi”
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